TUSCULUM UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$39,203,752
Program Services
79%
Other
7%
Investments
6%
Government Grants
6%
Contributions
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$44,974,447
Salaries & Benefits
31%
Grants
30%
Other
15%
Fees to Service Providers
9%
Offices, Occupancy & IT
6%
Depreciation
4%
Interest
4%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,273,818
$895,585
-30%
Government Grants
$2,197,864
$2,393,287
+9%
Fundraising Events
$0
$0
-
Program Services
$29,979,052
$30,850,328
+3%
Membership Dues
$0
$0
-
Investments
$2,946,978
$2,448,011
-17%
Other
$3,210,071
$2,616,541
-18%
Total Revenues
$39,607,783
$39,203,752
-1%
Expenses
2023
2024
Change
Grants
$13,541,197
$13,394,043
-1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$13,434,939
$14,071,577
+5%
Fees to Service Providers
$3,118,240
$4,206,900
+35%
Advertising & Promotion
$166,737
$249,767
+50%
Offices, Occupancy & IT
$2,837,470
$2,830,877
0%
Interest
$1,624,706
$1,598,875
-2%
Depreciation
$1,868,116
$1,698,818
-9%
Other
$6,285,147
$6,923,590
+10%
Total Expenses
$42,876,552
$44,974,447
+5%
Net income
2023
2024
Change
Net income
-$3,268,769
-$5,770,695
-77%
Functional Expenses
Summary
2023
2024
Change
Program
$37,194,226
$38,149,849
+3%
Admin
$5,512,807
$6,528,669
+18%
Fundraising
$169,519
$295,929
+75%
Total Expenses
$42,876,552
$44,974,447
+5%
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